Micron is destroying a lot of investors.
The problem is that there's this narrative out there that the stock will moon, but the technicals say otherwise.
The 50 EMA broke on the daily and the stock is consolidating now. I've made predictions with TA on Sandisk and have been proven correct. Regardless, I keep saying this, but even some basic chart analysis will tell you that Micron is stalling.
There won't be another massive rally upward. Yet the public is still completely convinced that there will be.
And look at what's happened the past week.
Many people ALREADY SOLD. Prices dipped into the 800s, there was a lot of panic selling.
Price is back up towards $1000 per share, and still people are not taking this as a lesson to sell everything and get out with some profit or minimize the damage.
People are still holding, or worst people are buying back in.
Literally tons of money has been lost on Micron this past 1-2 weeks. People losing life savings, etc
It's really bad.